Caitlin Jones Author Archives

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

THE CITY OF ATLANTA, GA AND Enterprise Community Partners have announced a new $25.5 million funding source available to developers of affordable and mixed-income owner occupied, multifamily rental, and supportive housing projects.

THE FEDERAL NEW MARKETS tax credit is being used to help fund a $9 million mixed-use development project in Washington, DC that will involve the rehabilitation of 27 affordable apartments and the addition of commercial space for a 24-hour child care center.

THE U.S. DEPARTMENT OF HOUSING and Urban Development (HUD) has issued a policy memorandum setting out uniform requirements and processing procedures for requests by owners of certain HUD-assisted and/or ““insured multifamily housing projects to convert efficiency apartments to one-bedroom units.

DEVELOPERS ARE PRESERVING EXISTING properties for long-term affordable rental housing use in a variety of ways, often employing the lowincome housing tax credit (LIHTC).

THERE ARE NUMEROUS and diverse opportunities for developers and owners to undertake preservation transactions ““ that is, the purchase and/or rehabilitation of existing apartment properties using the low-income housing tax credit (LIHTC) to continue their affordable rental use.

CONGRESS IS considering legislation that would extend, increase funding, and amend the federal HOPE VI public housing redevelopment program administered by the U.S. Department of Housing and Urban Development (HUD).

FREDDIE MAC AND Fannie Mae, the two large government-sponsored enterprises (GSEs), in early February reported their low-income housing tax credit equity investment volume for calendar 2007.

NEW YORK GOV. ELIOT SPITZER (D) on 1/31/08 approved major changes to the state’s qualified allocation plan (QAP) for its 2008 low-income housing tax credit program. The 2008 QAP will govern the allocation of federal and New York state housing credits this year.

THE BUSH ADMINISTRATION on 2/4/08 issued its proposed federal budget for Fiscal Year 2009, which begins 10/1/08.

A NEW CONSTRUCTION seniors rental property in Raleigh, NC illustrates the process and benefits of building to energy efficiency standards.

BEER, FALSTAFF IN PARTICULAR, is the story behind a new $28 million historic rehabilitation project in New Orleans. Utilizing the federal historic rehabilitation and low-income housing tax credits, a local developer has renovated an historic multiple-building industrial complex once used to brew Falstaff beer into a mixed-use, mixed-income residential/commercial property set to open soon.

THE TURMOIL AND UNCERTAINTIES rolling through the lowincome housing tax credit (LIHTC) equity market are impacting different corners of the affordable housing industry in various ways, according to participants interviewed by the Tax Credit Advisor.